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Cashin In

News/Business. A practical look at money management. New. (CC)

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America 8, Us 7, Michelle 6, Wayne 4, Ebony 4, Nascar 3, Cashin 3, Obama Administration 3, Eric 2, Hp 2, Uma Pemmaraju 2, U.s. 2, Washington 2, Syria 2, Texas 2, Eric Bolling 2, Alon 1, Iliana Ross Layton 1, Oliver 1, The Nation 1,
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  FOX News    Cashin In    News/Business. A practical look  
   at money management. New. (CC)  

    August 31, 2013
    8:30 - 9:01am PDT  

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>> i really like it but if you want more criminal or flexibility, check out the vanguard eps. vdig. >> david: good advice. thank you. that is it for "forbes on fox." have a great weekend. number one business block continues with eric bolling and "cashin' in." ♪ ♪ >> eric: it's the makers versus the takers this labor day weekend. as we kick back and enjoy the first of our waiver, some are feasting on government hand hand-out. >> awesome. >> taxpayers. >> so are all the hand-outs killing what made america great? good old fashioned hardwork? plus selling us out. government agencies making money off the private and the personal info. you won't believe what we found. and the opener of america's oldest brewery taking on big labor in a big way. and the reason job seekers on this holiday weekend.
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"cashin' in," working hard for you starts right now. ♪ ♪ >> eric: hi, everyone, i'm eric bolling. welcome to "cashin' in." the crew this week, wayne rogers, jonathan hoenig, michelle field, ebony k. williams. welcome, everybody. as we celebrate labor day this weekend let's open up a debate about the current state of labor in america. >> work is quickly replaced with hand-out and freebies. the recent report found in 35 states, welfare pays more than the minimum wage. that alone is driving the would-be workers to the open arm of our government. happy we feel recipient is a happy voter. what is the fall-out? welfare abusers, the takers are exploding. while the labor force, the makers are imploding. more and more supported by the fewer and fewer. one in seven americans are on food stamps. are they all in need?
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>> i feel like a poor person. taking advantage of what is out there. free food. it's awesome. >> 14 million on disability but are they all legit? this woman wasn't. claimants like her choose her own doctor. it's fleecing the programs. costing taxpayers billions. the robin hood government didn't done there. it hands out assistance for housing and transportation. you can get an obama phone if you ask, whether you need it or not. >> you got no, everybody in cleveland is a minority got an obama phone. >> eric: arizona busted up the largest food stamp prad in the state's history. there must be more of that. what do you think of all the stuff going on? >> this was founded on the principle of the individual rights. your life belongs to you. that's why none of the social
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progressive programs are in the competition. the pros peerous time came before any of the programs were enacted. the social ills have risen along with all the entitlements. and welfare programs whether it's not verity, food stamp or college cost. i hurts the recipients more than anyone. it retards and that skill. >> eric: this is a maker versus takers. people are making and put in system but a lot of people take out of the system. your thoughts? >> these are supposed to be short-term fixes but this has become a way of life. it's leading to a up the of abuse. 46 million people on food stamps in america. the fraud cases increase by 30%. that is $800 million. that is a up the of money. our focus is no longer on policies that lift people out of post officeerty.
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it seems libe it's based to make people feel more comfortable. >> ebony, in 35 states, if you are on welfare, you will make more money. in 13 states you make more than $15 an hour. it's out of control. >> the program are supposed to be incentive base. as michelle says be short-term. you have to help people transitioning to better their position in life. but people are taking great advantage of the program. it hurts the recipients at the end. >> eric: should the obama administration pull back on this? some people say it would be unfair or not good policy. at some point, don't you have to make it harder to get some of the benefits? >> completely. you have $5 billion people receiving food stamps. many are in need.
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there are children that need the working poor. we have to talk about the fraud ineligibility requirement. there should be a standard there. there should be oversight with the work requirement involved with the programs as well. >> eric: right, right, right. wayne, when it's so much better to be on welfare than get a job, that doesn't entice people to look for jobs. right? >> correct, eric. the congress recognized some of this, back in 1996. the congress tried to put in the welfare reform act in which the congress said there is going to be a specified amount of work that you have to do to qualify for this. 20% of that has beenwayed by the obama administration -- waived by the obama administration. so the work, the work requirement has beenipated. so anybody can get welfare now. you see welfare fraud as you say in over $800 million. you see disability fraud high. these are designed by politicians to get a vote. it's deliberately making the
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person dependent on the government. therefore the politician is the person recipient. look what i did for you. of i made you money. vote for me. the system is bound to collapse because of that. you can't do that. even wants to be equal. we have to have equality here. equality is more important than freedom. de tocqueville once said americans are so enamored with equality they'd rather be equal in slavery than unequal in freedom. that's true. >> there is $170 million in the government. help us break this down. you pick your open doctor and in most cases you don't need a second opinion. >> the real injustice isn't the recipients, and i believe the recipient of the programs have said you do not need to take the actions necessary to
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sustain your life. the real injustice is those paying in the system. heritage has data that says on average working people have $10,000 a year in income that is put toward the entitlement programs. think of the money not put in to, whether it's the charity or new job, new production or wealth creation in the country. it doesn't help anyone involved in the virtous process. how about a race to the bottom, entitlement in this country is that. >> eric: quickly, michelle, we're not saying no aanalysis tance whatsoever went're saying make the bar higher to sustain it. right? >> absolutely. we need policies this don't make people feel more comfortable but focus on the problem. jobs. reduce the regulatory burden on the entrepreneurs, reduce the taxes to create jobs. they would haven't to be on welfare. >> let me say eric, i am saying no assistance. you might say we shut could down. i'm saying no. the question isn't whether you help someone in need but
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whether government role is to help you to force the person in need. that's what the entitlement programs are. >> eric: i knew you would say that. i want to get you in there. ebony, refute was jonathan says? he says no welfare whatsoever. >> that is experts dream. we talk partisan, and we remember the reagan theme of the compassionate conservativ conservative. there is something to be said for that. there can be compassion if we're a country to support everyone. >> were the founders extreme? they didn't see the importance of putting any social program in. i guess they were extreme, too. being extreme in the name of liberty isn't extremism. >> leave it there. last thought, quickly. >> the last thought is the issue that wayne brought up of equality. equality shouldn't be the measure. i should be justice and fairness. those are two things.
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evidence quality says we need to be at the same place. there needs to be work base incentive that says you end up where you work to get. >> eric: good debate. we have to leave it there. coming up, sold out by the government. what some agencies are doing with your private data that will have you seeing red.
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hello, everybody. i'm uma pemmaraju in washington. america awaits word from the commander in chief about whether the u.s. military will strike syria. right now, president obama's national security team is preparing to brief u.s. senators. now the call will not be classified, which has some members wondering if they will get detailed intelligence. we are on standby for a briefing from the united nations on the chemical weapons report. the u.n. team left syria earlier today and just arrived back in the netherlands. we will bring it to you when it happens live. keep it here.
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oliver north will join us. florida congressman iliana ross layton will weigh in on the president debate. should the president seek approval from congress. that and much more coming your way on the america news headquarters live at the top of the hour. i hope you will join us. >> eric: the government is cashing in on our personal information. new report showing colorado state government is selling the private data on citizens to the marketing companies and it's not alone. other states and the federal agencies like the social security administration doing the same thing. this has to worry you. every week we find privacy violations. this is another one. >> this is not enough for the government to tax us to death but they need to make a profit by selling our personal information and making us receive all the junk mail. when obama care kicks in the
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government will have access to the administration. they can sell the marketing list to businesses. there is an incentive to do that. what happens is we start receiving tons of solicitation through the junk mail. the postal service is not doing too well right now. the only reason it's surviving is because of the junk mail. so the government has incentive to do that because you are basically saving all of the government jobs. >> eric: michelle, we know why they are doing it. they are selling it, making money off of it. ebony, we have to be concerned when the voter registration information is being sold. social security information is sold. sometimes our driving records are being sold to people. that has to worry you, too. >> it concerns me. here is the thing. it's already the nsa, we're so paranoid and skeptical and reasonably skeptical about the access the government has in general. now they're profiting off of it? c'mon, that is ridiculous. if anyone is going to profit off of the sale of my private and personal information, shouldn't it be me? >> eric: i won't touch it.
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let me go to wayne. there is no way out of the programs. there is no way to check a box and say don't sell my driving record or my health history to anybody. >> i'm just laughing, i am thinking who in the world is interested in all this stuff? why is anyone interested in my private information or jonathan or yours or anybody else's. it's just nuts. the problem is this is a violation of the constitution. they are digging in to everything they can. they don't have the right to do it. nobody stops them. the supreme court doesn't say anything. congress god forbid doesn't say anything. politicians on the take, they never say anything. that is what is wrong with it. >> at least -- >> eric: hold on -- >> at least, i want to say with a private company i can choose whether to want to give them that information or not. to your point, government forces you to give them the information. of course they turn around and sell it to the highest bidder. wayne, you said who would want it? it's sick. social security administration
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sells that master death list to people who then market to survivors of the deceased for real estate opportunities. >> eric: right. >> it's pretty sick. >> eric: let me give you another example, wayne. i got a speeding ticket a month ago. within ten days i had 15 lurs telling me they -- lawyers telling me they'd represent me for the speeding ticket. >> but my point that's why it's so nuts. the politicians have made it nuts. this is just craziness people do this. >> eric: michelle, last thought. >> you know, i think it's ridiculous. how much more money do they want out of us? >> eric: leave it there. coming up, battle brewing with the big labor. owner of the oldest brewery taking on the unions to fight for a right to work state. is that the right fight for jobs? ♪ ♪ ♪ i like beer ♪ it make mess a jolly good fellow ♪ r life changes, fidelity is there r your personal economy,
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helping u readjust along the way, refocus as careers change and kids head off to college, and revisit your investments as retirement gets closer. wherever you are today, fidelity's guidance can help you fine-tune your personal economy. start today with a free one-on-one review of your retirement plan. too small. too soft. too tasty. [ both laugh ] [ male announcer ] introducing progresso's new creamy alfredo soup. inspired by perfection.
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>> eric: coming up, the nation of the oldest brewery says if you want to get more jobs, take on the union. plus, supersize strike. fast food workers d
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>> eric: call it brewery versus big labor. the head of the oldest brewery is pushing his state of pennsylvania to pass a right to work law. i would reign in power of unions and doing so would attract more businesses to the area to create more jobs. michelle, you are a beer lover. what do you think of the idea to make metropolitan a right to work? >> every state should be a right to work state. workers should be able to work where they want, without having to join a union. why should a work ver to go to pay dues to a union and take the money to support the candidates and campaigns they
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may or may not support? from 2005 to 2011, big labor spent 4.4 billion in political spending. allow the worker to keep the money rather than give it to a union to spend it on the campaigns they may or may not support? >> eric: this is tough to defend. is it time to make the country a right to work country? >> i don't think we need to go that broad. i see her point. i don't like the concept of taking the union dues to support candidate unvoluntarily but i think the unions do good things. there is something to be said for collective bargaining and someone advocating for the work conditions and things like that. >> it didn't help the general motors workers. >> eric: grandson says how many times do you have to be tax on the same dollar? that is a good point. >> then they leave.
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like kansas, iowa, north dakota and oklahoma have unemployment rates at 5% or below, the right to work states. the right to work is a right to life to michelle's point. right to choose a job and not be forced to choose the union dues. >> eric: wayne another good example, says they will open the brewery in a right to work state. unless they get the move they are looking for. >> that make sense obviously. private corp realistic, right to work state. we know from 1998-2008, texas gained million jobs. texas is a right to work state. they have a closed shop that they could force you to pay the union dues regardless if you're a member of the union
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or not. that changed the task from 1947. there was a time they thought it was fair. >> eric: ebony, you said the unions do good things. help me out. what do they do? >> they can help with advocat advocating. some people can't do it on their own. some n a perfect world you could say the work conditions are crappy. but some can't. they need a collective effort. that is something unions can serve. >> eric: do they need a collective effort? >> i think an individual -- it's better to have an individual bargain on their behalf from their needs. right to work is pro-freedom and fro-worker. collective bargaining is not good. allow the individual to speak on their behalf.kes this work ie
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catchtition. is there a competitive atmosphere for the economic way out, then jobs are going to be determined by the competition. i don't need the union to protect me from that. i have to have a competitive state to know i can work for certain money and that is open for certain amount of people for time. that's all. >> i disagree that the unions have been a great beneficiary. the textile worker torse long shoremen. the steelworkers, g.m. worker workers. i think it comes back to the idea of the individual rights. what role does a union have to decide where someone can work or who an employer can hire? >> look what the unions did? they literally drove the autoindustry down south to the right to work state. why won't it happen with beer? or textile or every other
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industry? >> i can't say it won't. full disclosure, the idea of what unions could properly do could be effective. but the way they're broad and over stepping the bounds and aggressive with the companies and the corporation -- >> the idea is great. >> the point is it's not theyed a vote kate for individuals but they use the power of government to pass laws. they do that because they -- >> we'll leigh it there. >> they do it because of the politician, they can deliver votes. >> eric: we know why they do it. we are all pro-business on the show. thank you michelle, and ebony for joining us. coming up, fast food fight. fast food workers calling for something that has many of you fighting back. your turn to be heard next. ♪ nascar is about excitement. but tracking all the action
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and hearing everything from our marketing partners, the media and millions of fans on social media can be a challenge. that's why we partnered with hp to build the new nascar fan and media engagement center. hp's technology helps us turn millions of tweets, posts and stories into real-time business insights that help nascar win with our fans.
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>> eric: time for what do i need to know for next week from two hot hands. wayne, you're first. >> well, if you look to solve communication problem like the federal government is, check out tngo. t-n-g-o. >> eric: very good. john? >> washington, middle east, september, scary out there. you can profit from fear with a fun vixy. it goes up with the fear index. not a great long-term hold but short-term trade. >> eric: you have been hot. stay hot my friends. that is it for cost of freedom block. thank you for joining us. but free market capitalism was under assault this week. fast food workers in 50 cities went on strike and the demand more than doubling the minimum wage from $7.25 an hour to $15 an hour. besides the obvious push-back we at "cashin' in" with anything threatening the free market. look at the tweets -- this one. #mcfired.
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oor this one -- have a great weekend. see you on "the five." ♪ ♪ this crime against conscience, this crime against humanity. this crime against the fundamental principles of the international community, my friends it matters here if nothing is done. >> uma: fleet awading word from president obama. if america launches an attack. we will largely go it alon, as the international community stands mostly silent. the white house says intel shows with high confidence bashar assad, a man they call a thug and murder gassed his own people including hundreds of children. hello, i'm uma pemmaraju. america's news headquarters live from e

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